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Brent Steadies Above $108, China Hopes Support; US Talks Eyed

December 17, 2012

U.S. crude futures extended gains on Monday to around $87 a barrel, supported by hopes for higher Chinese demand, but gains were capped by concern about the risk of the U.S. stumbling into a recession in the absence of a deal to stop mandated tax rises.

Source: http://www.cnbc.com/id/100318700
 
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